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Air Force

Hewson Says Lockheed Martin Close To New Deal On New F-35 Contract

Pat Host

Friday, January 13th, 2017

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Hewson Says Lockheed Martin Close To New Deal On New F-35 Contract

The first F-35A for the Italian Air Force, and the first F-35 built at the Cameri FACO, takes to the skies over Italy, Sept. 7, 2015. Photo: Lockheed Martin.

Lockheed Martin [LMT] is close to a new deal with the Defense Department on a new batch of F-35s, according to a company statement.The statement said Lockheed Martin CEO Marillyn Hewson told President-elect Donald Trump during a meeting in New York Friday that the new deal would reduce the price for the next 90 aircraft “significantly.” Lockheed Martin declined to further comment Friday.Lockheed Martin was already planning to reduce the unit cost of the aircraft as it ramped up production.…

Congress

With $1.5 Trillion Request, Army, Air Force, Navy’s Unfunded Lists Focus Solely On MILCON Projects

With the Trump administration’s push to massively increase defense spending to $1.5 trillion in fiscal year 2027, the Army, Air Force and Navy have eschewed submitting large unfunded priorities lists […]

Unmanned Systems

Bipartisan House Bill Would Give National Guard To Counter-Drone Authorities

Seeking to close gaps that may arise between state and local law enforcers in different jurisdictions, a bipartisan contingent of House members this week introduced a bill that would allow […]

Congress

Munitions Fired Represent Most of $25 Billion Spent By Pentagon on Iran War So Far

Munitions fired in the two-month old “Operation Epic Fury” against Iran represent most of the $25 billion cost the Pentagon has incurred thus far in the conflict, the acting Defense […]

Congress

Slotkin: Pentagon Should Use Anthropic’s Mythos To Spot Cyber Security Gaps

The Pentagon should be using Anthropic‘s recently announced Mythos artificial intelligence model to spot gaps in cyber security, Sen. Elissa Slotkin (D-Mich.) said on Tuesda. “I think the thing that […]